The RBI has powers to take direct action against commercial banks.

True

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False

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Solution

The correct option is A True
Reserve Bank of India(RBI) is the apex institution of the monetary and banking structure of India that regulates and controls the entire banking system of India. The Reserve Bank of India(RBI) has the powers to take direct action against the commercial banks in case of break of any rules and regulations or against any illicit activities performed by these banks.

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